October 16, 2019 / 11:42 AM / a month ago

Abbott Labs quarterly profit rises 70.5%

Oct 16 (Reuters) - Abbott Laboratories Inc reported a 70.5% jump in quarterly profit on Wednesday, powered by demand for its blood sugar monitors and cardiovascular devices.

The company’s net earnings rose to $960 million, or 53 cents per share, in the third quarter ended Sept. 30, from $563 million, or 32 cents per share, a year earlier.

Net sales rose to $8.08 billion from $7.66 billion. (Reporting by Trisha Roy and Saumya Sibi Joseph in Bengaluru; Editing by Sriraj Kalluvila)

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